BankIslami Reports its Highest-Ever Profitability during 2020

KARACHI: BankIslami has reported its highest-ever profitability during financial year 2020. Profit after tax closed at Rs. 1.70 billion, up by 56% comparing with profitability of Rs. 1.09 billion during the financial year 2019. Despite downward adjustment in policy rate, net spreads of the Bank increased by 16% on account… Continue reading

Profitability of KSE-100 shares increased by 7.8 percent in nine months

KARACHI: The profitability of KSE-100 shares portrayed a healthy 7.8 percent growth during nine months i.e. January-September (9MCY18). The growth in profitability was primarily led by Fertilizers (+90%), Oil & Gas Exploration Companies (+27%), Chemicals (+19%) and Power Generation & Distribution (+14%). Stress on the index profitability was provided by… Continue reading

Pakistan’s exploration & production companies post 72 percent growth in profitability

KARACHI: The exploration and production (E&P) companies listed on Pakistan Stock Exchange (PSX) depicted an increase of a stellar 72 percent in their profitability for the quarter ended March 31, 2017. The four listed companies including Pakistan Petroleum (PPL), Oil & Gas Development Company (OGDC), Pakistan Oilfields (POL) and Mari… Continue reading